Day Trading Stocks & Futures

Raj232

Well-Known Member
Nahiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii .......
Mostly i'm wrong.. but I think BNF expirty will be between 24750 and 24950 (tighter range would be 24800 - 24900) ... only because 24800 is not breaking easily.. but biggies are trying..
 

Raj232

Well-Known Member
Mostly i'm wrong.. but I think BNF expirty will be between 24750 and 24950 (tighter range would be 24800 - 24900) ... only because 24800 is not breaking easily.. but biggies are trying..
If it falls badly.. 24750 then CE would be great to buy ..but waiting.. it has been too silent since morning.. :)
 

Shiv12345

Well-Known Member
Probabilities:

1. If BN breaches today's low again then most likely the pattern of yesterday's shorter EW cycle (which began yesterday from 24796.55) shall get negated and it shall confirm the extension of corrective wave further.

2. If BN doesn't break today's low again, then most likely we shall witness either distance covered by impulsive wave 1 or wave 3 .... If it is fresh wave 1 then today's low shall be Stop Loss, since, wave 2 cannot travel more than 99.99% of wave 1 .... I this case, wave 3 can target 100% of wave 1 at least ....


Good Luck ... :)
Why so SILENT guys?? "Itna sannaata kyun hai bhai?" ..... "Expiry khatam toh khel khatam??" ...

Anyways .... In hindsight, today's second half move did not make any sense as per EW application. Ideally, after testing day's low (24795 approx) once during morning, it should have sprinted further having formed fresh impulsive wave. But surprisingly, the pattern got negated AGAIN (for 2nd time) as soon as another new day's low was registered post 2:00 PM but instead of forming corrective wave, it rather started with another fresh impulsive wave 1. It's as if index was fooling both Bears & Bulls ..... Overall, this happened twice during the day.

Index ne khoob nachaaya aaj .... (Index made all traders dance to its tune) ...
 

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